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Daily (14.06.2022): German front-year power contract fell to a three-week low on Monday on weaker coal, carbon prices
Oil prices increased slightly in a choppy session on Monday as tight global supplies offset concerns that demand would be stifled by a resurgence of COVID-19 cases in Beijing and more interest rate hikes. Hence, Brent crude rose by 0.2% to settle at $122.27 a barrel. U.S. WTI crude added 0.2% to settle at $120.93 a barrel.
read more... 14/06/2022
Energy consumers 'better off' under UK quarterly tariff cap regime
The UK's national energy regulator, Ofgem, has said its proposal to adjust the Default Tariff Cap for household gas and electricity supplies on variable rates to a quarterly regime will leave consumers "better off".
read more... 10/06/2022
Daily (07.06.2022): EUAs slumped by 6% on Monday as traders eye ETS reform vote
Oil prices fell slightly on Monday as increased supplies of Russian crude headed for Asia counterbalanced the optimism sparked by Saudi Arabia's larger-than-expected price hike for Far East exports. Hence, Brent crude lost 21 cents, or 0.2%, to settle at $119.51 a barrel. U.S. WTI crude slipped by 37 cents, or 0.3%, to settle at $118.50 a barrel.
read more... 07/06/2022
Global LNG markets sail into the unknown ahead of winter
Global liquefied natural gas (LNG) buyers and sellers are bracing for more uncertainty over Russian supplies and an unclear demand outlook from Europe and top importer China in the run-up to the peak winter season, industry executives said.
read more... 27/05/2022
Daily (27.05.2022): Oil prices hit a two-month high on Thursday amid signs of tight supplies ahead summer
Crude oil prices soared to hit their highest levels in two months on Thursday after official US data showed the nation’s crude inventories eased for the second consecutive week, suggesting further tightness in the global market. The European Union’s disagreement with Hungary's plan to ban crude oil imports from Russia because of its invasion of Ukraine added further bullish pressure. Hence, Brent crude for July delivery surged by 3.0%, to settle at $117.40 per barrel. Meanwhile, US WTI crude increased by 3.4%, to close at $114.09 per barrel.
read more... 27/05/2022